Real Estate 2026

MONTENEGRO Law and Practice Contributed by: Milan Keker, Aleksandra Bujkovic, Ivan Pejovic and Iva Rolovic, Keker, Bujkovic & Pejovic

Keker, Bujkovic & Pejovic (KBP Legal) is a full-ser - vice law firm based in Montenegro, advising clients on all aspects of business law with a particular focus on cross-border matters. The firm regularly supports foreign investors and companies throughout the en - tire investment cycle, including planning, structuring, regulatory compliance and dispute resolution. One of the firm’s key areas of specialisation is its real estate practice, which encompasses the full range of real estate-related legal services. This includes advising on acquisitions, dispositions, development and con -

struction, project financing, leasing, land use, plan - ning and zoning, joint ventures and real estate-related litigation, including insurance coverage disputes. The firm is experienced in finance and structuring trans - actions through SPVs and managing complex cross- border investments. KBP Legal operates with a multi - disciplinary approach, working closely with a network of expert consultants to ensure the most suitable and practical legal solutions. The firm is recognised for its commercially focused advice and commitment to long-term client success.

Authors

Milan Keker is an attorney at law and a founding partner of KBP Legal, specialising in corporate law with over a decade of experience in real estate. He regularly advises buyers, sellers and asset managers on all types of

Ivan Pejovic is an attorney at law and a founding partner of KBP Legal, specialising in corporate and com - mercial law, insolvency and debt collection. He advises clients on corporate structuring, governance

real estate transactions and matters, including development, zoning and permitting issues. A recognised expert in corporate matters, Milan also represents clients in various projects and financing deals. He serves on multiple boards and is a member of the Bar Association of Montenegro.

and restructuring, as well as enforcement and cross-border recovery of claims. Ivan has notable experience in real estate, including acquisitions, development, financing and leasing, often involving complex regulatory and transactional matters. He also provides legal support in licensing procedures in the energy, renewables and finance sectors. Ivan is a member of the Bar Association of Montenegro and advises both local and international clients across various industries.

Aleksandra Bujkovic is an attorney at law and a founding partner of KBP Legal, specialising in corporate,

maritime, real estate law and dispute resolution. She advises on corporate transactions, foreign investments and real estate projects in Montenegro. Aleksandra has experience in labour, regulatory, and licensing matters across sectors such as energy, banking and finance. She is skilled in commercial and maritime litigation, representing shipowners, P&I Clubs and insurers in international disputes. She also handles civil and commercial litigation and enforcement proceedings. Aleksandra is a member of the Bar Association of Montenegro and the Managing Board of the Montenegrin Maritime Law Association.

Iva Rolovic is a lawyer at KBP Legal specialising in corporate, employment and real estate law. She advises clients on corporate matters and business operations, ensuring compli - ance with regulations. In employment

law, she provides guidance on contracts, labour compliance and dispute resolution, helping busi - nesses maintain a legally sound workplace. Iva also assists with real estate transactions, leases and development projects, offering legal support aligned with clients’ goals. Additionally, she plays a key role in assisting international clients with immigration matters in Montenegro, including residency permits and work visas, ensuring a seamless legal transition for foreign individuals and businesses.

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